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you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to be lower. >> right. so you don't have nearly as much money to balance the budget in the '90s. >> many other things have changed in the interim and we have set as a framework a
you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then...
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Dec 5, 2012
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bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo th
bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on...
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when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's playing apple's wild ride today at 1:00 p.m. futuresnow.cnbc.com. >> see you at the top of the hour on cnbc.com. >>> coming up halftime fund managers doing fancy trading to give portfolios a temporary boost and are you, the investor, left holding the bag? jpmorgan's tom lee on track to hit his 2012 s&p target, we'll ask him what's next for the market own your money when halftime comes back. o o. >>> welcome back. will quarter end she nan ganz be hurting your money? some portfolio managers are bidding up stocks the second before a quarter ends, those stocks see temporary pops and the managers can point to b
when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's...
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want to ask you, one of the parts of the red line statement by president obama and secretary of state clinton, that if there was movement of any chemical weapons of mass destruction, movement -- now, as i listen to what you're saying, there hasn't been movement. it looks like they're getting ready where they are, but they haven't moved yet, so maybe they haven't violated the red line exactly. >> that's right, larry. they've got everything in place to do that. but what are the possibilities here? u.s. military officials say it would be very difficult to target certain areas. there are possibilities if they're going to load them on the planes. they could use cruise missiles to attack airstrips, for example. they can't blow up the weapons sites themselves, otherwise then the deadly gases could be spread among the public and kill thousands. the only other option according to some people that i've been talking to over the past couple of days is possibly take those cruise missiles and aim them not only at the airport strips, but at regime targets. even perhaps president assad himself. but so far, w
want to ask you, one of the parts of the red line statement by president obama and secretary of state clinton, that if there was movement of any chemical weapons of mass destruction, movement -- now, as i listen to what you're saying, there hasn't been movement. it looks like they're getting ready where they are, but they haven't moved yet, so maybe they haven't violated the red line exactly. >> that's right, larry. they've got everything in place to do that. but what are the...
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>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3% negative growth for two quarters and we'll go back with a slightly less than 2% growth rate for the entire. we're not going to get out of this without pain. anybody when thinks we'll get through the deficit problem without having to do some sacrificing is wrong. what this does in my view as a democrat is it distributes the burden of the pain fairly, that is, we go back to the clinton tax rates for everybody, not just for rich folks. and we had a good economy under bill clinton. we go back -- we get -- cuts in defense spending which we know is higher than it
>> it's not just the clinton tax rates. we had a pretty good economy under bill clinton. >> different spending rates, too, back then, governor. >> well, that's right. it's also cuts in defense which we haven't had in 30 years and a cut in human services, which i'd rather not do, but i think everybody needs to something on the table to get what we need to get. it's the best deal for the country. we'll have a recession. the cbo thinks and i agree with this, we'll have 1.3%...
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we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i think tom colts
we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight...
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the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the president has always said it has to be a balanced approach. >> if you can choose, if you could choose, what's -- i mean we've heard -- we've heard from their side, from the other side, and i'm talking about from your viewpoint, secretary geithner. >> yes. >> has said, we -- if we don't get the 2% -- if we don't get the rise on rates on the 2% we'll go over the fiscal cliff. in your view would it be better to go over the fiscal cliff than to get the back to the clinton rates on the high end? >> i think the best thing we don't go over the fiscal cliff.
the real core of what clinton had was they cut spending. their percentage of spending to gdp was so much less, and that's where they got out of it. that agreement in '97 cut taxes and cut spending, which spurred growth. and we need a pro-growth economy. that's how we're going to get out of this mess. what we're talking about today, of just raising the taxes, does not solve the problem. i don't see it passing the house. now, republicans have not sat back. we've put revenue on the table. but the...
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yesterday secretary of state hillary clinton repeated her warning that the u.s. is ready to take swift action. >> our concerns are that increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> u.s. officials stress the chemical bonds remain in storage depots and president assad has not issued any warning to use them. egypt is going into political turmoil after intense clashes on the doorstep of the presidential palace. it's the largest confrontation the country has seen since the revolution that overthrew mubarak. tens of thousands of supporters of president morsi remain divided. critics of morsi say he's attempting to establish a new dictatorship by rushing through a new constitution with an islamic agenda. >>> the loss of american jazz legend. you probably recognize his song you're hearing now. "take five" of dave brubeck. he died yesterday
yesterday secretary of state hillary clinton repeated her warning that the u.s. is ready to take swift action. >> our concerns are that increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> u.s. officials stress the chemical bonds remain in storage depots and...
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when you say talk to going to the clinton rates. you're missing clinton tech boom. clinton levels of spending. when you take that into account it doesn't actually end up closing your gap when it comes to something which some other clinton alumni pointed out this week is a $86 trillion in unfunded liabilities for entitlements. >> that number is essentially fake. >> a lot of times when we're discussing this stuff, it is fake because government refuses to put it on the books because they don't want to acknowledge it exists. >> that is not it. >> my point being i don't want to only talk about simplifying when we're not actually closing the gap. i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you'
when you say talk to going to the clinton rates. you're missing clinton tech boom. clinton levels of spending. when you take that into account it doesn't actually end up closing your gap when it comes to something which some other clinton alumni pointed out this week is a $86 trillion in unfunded liabilities for entitlements. >> that number is essentially fake. >> a lot of times when we're discussing this stuff, it is fake because government refuses to put it on the books because...
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and then could be bush versus clinton again. >> governor, thank you very much. appreciate your time. >> honor to be with you. >> right now it's time for "squawk on the street." ♪ >> good tuesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and
and then could be bush versus clinton again. >> governor, thank you very much. appreciate your time. >> honor to be with you. >> right now it's time for "squawk on the street." ♪ >> good tuesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, jim cramer and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat...
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secretary clinton says the russians have refused to give him asylum. other countries have offered but so far he is not negotiating his exit. assad has vowed to fight to the death. >> pelley: margaret, thank you. when the syrian people first rose up it looked like a mismatch. they had rifles against one of the largest armies in the region. syrian towns have been turned into rubble, and the rebels are in the suburbs of the capital damascus now. it is rare for reporters to reach the war zone, but elizabeth palmer managed to get to the dictatorship's main military hospital to look at the damage being inflicted on assad's army. >> reporter: the tishereen it hospital morgue in northern damascus now receives between 20 and 50 bodies every day. most of them are soldiers. though some civilians do end up here, too. the man in the coffin is adnan said a civil servant who was 30 years old. outside, his mother and brother have just learned that he was killed by a sniper on his way to work. in the hospital's intensive care unit the men can't speak, but their injurie
secretary clinton says the russians have refused to give him asylum. other countries have offered but so far he is not negotiating his exit. assad has vowed to fight to the death. >> pelley: margaret, thank you. when the syrian people first rose up it looked like a mismatch. they had rifles against one of the largest armies in the region. syrian towns have been turned into rubble, and the rebels are in the suburbs of the capital damascus now. it is rare for reporters to reach the war...
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secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not letting up ytime soon. if you're eligible for medicare, you might know it only coversbout 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medica supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to reques a
secretary of state clinton talking tough as violence rages. what is the president thinking? is obama ready to else aside? details ahead. fiscal close fights, competing proposals. no formal talks said. since when did leaders talk about talking but not sit down at the center will. what is wrong with obama and banner? did they really think this is a good -- a game? ♪ ♪ [ male announcer ] it started long o. the joy of giving something everything you've got. it takes passion. and it's not...
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plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." e emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. get to holiday fun faster energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our
plus, hillary clinton in 2016. some stunning numbers about the ground work and john mcafee on the run as his neighbor is found murdered. our martin savidge went on the hunt, tracked him down. he's "outfront." e emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the...
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a warning that secretary clinton repeated at nato again today. >> our concerns that are increasingly desperate assad regime might turn to chemical weapons. or might lose control of them to one of the many groups that are now operating within syria. >> reporter: now officials say they believe that those warnings did work so far. they are concerned, though, about the rising influential extremist groups. so the state department is preparing to decision nature one group because of the close ties to al-qaeda in iraq. still, secretary clinton announced they will take a big step, recognizing the main opposition group as the sole legitimate representative of the syrian people, even as they tighten the noose on assad. >>> andrea, thank you, while we wish we had better news to report, with that in mind, the situation in egypt, the violence, the president fleeing the palace looks very familiar. the president today tried to urge the egyptians to settle their differences peacefully. our chief correspondent richard engel saw it firsthand, standing by in cairo tonight, good evening, richard. >> rep
a warning that secretary clinton repeated at nato again today. >> our concerns that are increasingly desperate assad regime might turn to chemical weapons. or might lose control of them to one of the many groups that are now operating within syria. >> reporter: now officials say they believe that those warnings did work so far. they are concerned, though, about the rising influential extremist groups. so the state department is preparing to decision nature one group because of the...
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secretary clinton today tried to get the egyptians to resolve their differences peacefully ull. our chief correspondent richard engel saw it firsthand, standing our chief correspondent richard engel saw it firsthand, standing by in cairo tonight, good evening, richard. >> reporter: good evening, brian, the egyptian president, mohamed morsy, supporters of the muslim brotherhood want a strong president and want more islamic law. his opponents say the president is forcing an islamic agenda down their throat. and today, the two sides clashed. on the doorstep of egypt's presidential palace, leading clashes, the fighting injured hundreds. the fighting is very fluid, sometimes the anti-morsy demonstrators, those right here will make advances just a few yards then get driven back. there are no police here, they are just two sides facing each other in the streets. as one side advances the other retreats. demonstrators kept police from the scene. there is still mistrust here, during the revolution of hosni mubarak. there were cheers as the police withdrew mubarak. >> when the egyptian peo
secretary clinton today tried to get the egyptians to resolve their differences peacefully ull. our chief correspondent richard engel saw it firsthand, standing our chief correspondent richard engel saw it firsthand, standing by in cairo tonight, good evening, richard. >> reporter: good evening, brian, the egyptian president, mohamed morsy, supporters of the muslim brotherhood want a strong president and want more islamic law. his opponents say the president is forcing an islamic agenda...
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buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to begin to correct some of what you just said, but let me at least start with ronald ra reagan. >> tell me where i'm wrong. >> you're certainly wrong that he didn't campaign to cut 98% of the american people's taxes with the upper 2% paying. he won the election based on that explicit proposal. >> and the house from their election -- the house won their election to stop him. the house also won, lanny. >> 535 congressional districts, most of which have little opposition, exain capture be cao voting for president. >> they did not vote to give him a rubber stamp
buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to...
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and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally. the temperature was a balmy 60 degrees this afternoon in new york just outside cnn's studios. the average high temperature in december is normally 43. a warm front has flooded the lower 48 states. quite extraordinary but is it evidence of man-made global warming? that's tonight's battleground america. joining me now, bill nye the science guy and mark morano, the publisher of climate depo.com. welcome to you both. let me start with you, mark, if i may. you are implacably opposed to the concept of man-made climate change. why? >> we followed the evidence. there are quite literally hundreds o
and the man who shut down the government under bill clinton. what newt gingrich thinks it will take to avoid that happening again. >>> plus one of my personal heroes, the fastest man in the history of planet earth. ja ma jamaican sprinter usain bolt revealing a talent you may not know he has. ♪ let's get together and feel all right ♪ >> this is "piers morgan tonight." >>> good evening. our big story tonight, you are so hot, america. i mean that literally....
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president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the recession. it was not long after the stimulus kicked in. the government spent money and the economy grew. that's how it works. that's why it used to be a beltway consensus when the economy needed to e grow, you needed economic stimulus in terms of your fiscal policy. now the discussion about how we need to make sure we contract the economy and cause as much pain as possible to the people who will be hurt the most by that contracting, maybe that makes sense on sunday morning, but the rest of us go to work during the week and sometimes we go to parties. right now as we speak, here's the scene in washington. at the white house, which bo obama has shown us what it
president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the recession. it was not long after the stimulus kicked in. the government spent...
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Dec 7, 2012
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during what we enjoyed during the clinton jeers. lots of jobs being created. and cutti inting taxes creating has never been proved to be true. with the middle class maintaining the tax cuts, they are going to be spending money and creating jobs. retail sale s going to go up. to me, it is baffling that the republican ares don't get it. >> we are out of time now. but you stick around and we will talk about something that we will post on or website. and you explain to me your attempts
during what we enjoyed during the clinton jeers. lots of jobs being created. and cutti inting taxes creating has never been proved to be true. with the middle class maintaining the tax cuts, they are going to be spending money and creating jobs. retail sale s going to go up. to me, it is baffling that the republican ares don't get it. >> we are out of time now. but you stick around and we will talk about something that we will post on or website. and you explain to me your attempts
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during what we enjoyed during the clinton jeers. lots of jobs being created. and cutti inting taxes creating has never been proved to be true. with the middle class maintaining the tax cuts, they are going to be spending money and creating jobs.
during what we enjoyed during the clinton jeers. lots of jobs being created. and cutti inting taxes creating has never been proved to be true. with the middle class maintaining the tax cuts, they are going to be spending money and creating jobs.
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not rule hikea compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton-era's 39.6%. >> there are a lot of things ssat are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making more progress behind the scenes, no one mit its them to admit it until of last minute. ederoffice of management and budget has asked all federal agencies to come up with a detailed list of possible cuts if there's no deal, maurice. >> dubois: nancy, thank you. t how is all this affecting the economy? the one sign we did see yesterday showed improvement. roe unemployment rate dipped to 7.7%, the lowest in four years. 146,000 jobs were created in spite of super storm sandy and the fiscal cliff threat. joining us now to talk more about that cliff is mark zandi, reief economist at moody's analytics. mark, is that threat credible? i guess we saw hiring last month, the stock market is hanging in there. what's the feeling on the part i thorporate america? bu well, you know, i think businesses feel like we're going deget a deal. they expect t
not rule hikea compromise on a tax hike for top earners, somewhere between today's 35% rate and the clinton-era's 39.6%. >> there are a lot of things ssat are possible to put the revenue the president seeks on the table. >> reporter: even if the two sides are making more progress behind the scenes, no one mit its them to admit it until of last minute. ederoffice of management and budget has asked all federal agencies to come up with a detailed list of possible cuts if there's no...
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the assumption that simpson-bolles had, the assumption that gang of six hilary clintons and said to our republican colleagues give us back what you want for a down payment. we're not going to solve all of this by the end of the year. then they said no, give us more details. through sakt geithner they've laid out more details. i think it's also -- >> in terms of new details, and it's taken so long. >> it's also incumbent on the president to realize that this is a conversation that he has to have not just with washington but the rest of the country. bringing in business leaders, small business leaders, going out across the country. one reason i think why this time it's going to be different from the failures of the past, the debt krilg debacle, the failure of the super committee, is i think the american people and particularly the american business community, realize what's at stake, and i think an awful lot of us, frankly, in both parties who are willing to get there -- i want to commend kelli as well. there's been a big group of us, well in excess of the majority in the senate who say w
the assumption that simpson-bolles had, the assumption that gang of six hilary clintons and said to our republican colleagues give us back what you want for a down payment. we're not going to solve all of this by the end of the year. then they said no, give us more details. through sakt geithner they've laid out more details. i think it's also -- >> in terms of new details, and it's taken so long. >> it's also incumbent on the president to realize that this is a conversation that he...
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president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually with president obama particularly on the notion of fairnesses. you know, you talk to economistses. should we really be raising taxes now? no. hour hour tax increases, we're going to lose the deductions -- >> probably shouldn't be cutting that much. the economy is like in a very weird state right now, kind of like i think the notion is to grow it now, you know? and, you know, this guy doesn't see that. he sees raising taxes not as an economic efficiency so to speak, but as you know, you don't get a lot of tax revenues out of that,
president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually...
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david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to what the president answers. he says: high-end tax cuts do least for economic growth and cost almost $1 trillion. extending middle class accounts boosts consumer demand and growth. but, in fact, as i said, when they lowered tax rates and capital gains, you had increased growth. >> yeah. david: so the concern is if you increase rates right now, you will cut down on the growth in the economy. >> we've seen it in europe. whenever they increase rates on the near term on slow growth economies, devastation -- david: and they just did it in france. they just did it in spain. they just
david: okay, but the fact is that they lowered tax rates during the clinton area. they lowered the capital gains rates from 28% to 20% in 1997. that had an enormous impact on increasing product it, brought in twice the amount of revenue from capital gains they were getting with the higher rates. actually, the president answered a question related to this. mike says, mr. president, why won't keeping tax rates low across the board encourage hires and, therefore, more tax revenue? now, listen to...
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michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown" the book that tells the story of the white house garden and encourages healthy eating. anned former president was nominated in the same category for "back to work" why we need smart government for a strong economy. the returns for this ration will be on february 10th when we'll find out who won. r heart health. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? house garden and encourages we'll be right bachouse garden we'll be right bachouse garden we'll be right bac >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made effo
michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown" the book that tells the story of the white house garden and encourages healthy eating. anned former president was nominated in the same category for "back to work" why we need smart government for a strong economy. the returns for this ration will be on february 10th when we'll find out who won. r heart...
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. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. dealers said he has been campaigning to meet. but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that he will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, that is another game. gerri: it is. harry reid today saying that the game is at chess game, and the republicans are the jets. here is harry reid. >> he has a problem. he has three
. >> ford is your we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that speaker boehner is on the right...
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it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty conflicted. that's the best that i have on what she's thinking. >> i've talk to some of the fundraisers and they are planning. i think she is going to run. she is exhausted now. she'll take a couple -- she may not know she is going to run although i suspect she kind of does. she will take a couple years. and at this point she would be a very, very formidable candidate. depending on what happens over the next four years. mario cuomo used to say between now and then, a pope will be born which means, who the hell knows what's going to happen? the second obama term could be a
it would be a hillary clinton/david petraeus ticket. but i think that's kind of -- you know. >> we have to rewrite half of it. >> yes, well, although i mean -- we don't even need to go there. >> the hillary, what i've heard, is that the people who are in the financial end of hillary's campaign have been alerted that they got planning to do. some of them are also andrew cuomo fund-raisers and they are alert that there is planning they need to do. some of them are pretty...
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in 1986, came down closer to those clinton era tax rates, 39%. we have seen nothing but lower taxes over the last generation. if we have been enjoying low taxes, why are the jobs not being created right now. there's not no validity. we really, really looked into this. you don't generally speaking want to be raising taxes on people if you can avoid it. it costs you competitiveness. but the argument that somehow you're going to see this explosion in economic growth by not increasing those taxes by 3.6% doesn't seem to hold water. we're in a different economy now. there aren't really mathematical formulas you can use to apply to it. it all depends on growth rates and growth rates often depend on confidence in the economy. so there are a few variables here that you can't account for. >> ali velshi, thank you. >> my pleasure. >>> internet security guru john mcafee in hiding wanted for questioning in belize in the death of his neighbor. martin savidge got the first on-camera interview with mcafee since he went on the run. an interview almost as bizarre
in 1986, came down closer to those clinton era tax rates, 39%. we have seen nothing but lower taxes over the last generation. if we have been enjoying low taxes, why are the jobs not being created right now. there's not no validity. we really, really looked into this. you don't generally speaking want to be raising taxes on people if you can avoid it. it costs you competitiveness. but the argument that somehow you're going to see this explosion in economic growth by not increasing those taxes...
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michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they
michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll...
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brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ende
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>>...
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bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that i drew great hope from on 9/12 delsh 2001 as people of the country -- on 9/12/2001 as people of the country gathered around, as we did in our east texas town, and we all held hands and we sang hymns and patriotic songs and you look -- i look around the circle and was deeply moved because i knew that day there were no hyphenated americans. there were just americans. and we were together. and everybody standing there in that square holding hands, we shared the love for our country. we wanted to see it strong. we wanted to see it recover from that dev
bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that...
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they could have left it today with secretary clinton's statement. i think this was a very deliberate point that the president was making. he is fully engaged in this issue. clearly the president's been briefed, he's talking to his cabinet. we should assume that the united states military has continued the operations on the table fully prepared ready to go. there has been talk about the chemical weapons of syria for months, the military has had time to prepare. the administration has been clear, a military option is not where they want to have to go but i think the president's statement makes the point that they will go there if they have to, and i think that's the right message to send. we cannot permit syria to think using their chemical weapons and sarin gas stockpiles is an option for them. >> you make the important point that when the president gets involved, that's a calculated decision and every word he says is carefully reviewed. he said he had a message to assad and those around him. is that a message about future potential war crimes prosec
they could have left it today with secretary clinton's statement. i think this was a very deliberate point that the president was making. he is fully engaged in this issue. clearly the president's been briefed, he's talking to his cabinet. we should assume that the united states military has continued the operations on the table fully prepared ready to go. there has been talk about the chemical weapons of syria for months, the military has had time to prepare. the administration has been clear,...
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and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- leads to you believe. we'll talk about that. with our political round table as fpdu8 sant two ond:q the,x!tç hill8 futureáz former speaker newt beginnigin gingrich he' be o'donnell. and it's coming"m "meet the press." my press pass conversation with presidential candidate rick we'll see06i[? harris, in the commonwealth, virginia! african-american running the party for the3in[06 will committee elected chranel harris, replacing brian moran who announce
and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually...
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not very long ago that was a wedge issue bob dole was using against bill clinton. i think we've made progress in other areas. clearly environmentally. we have deniers of global warming. but we're reducing the amount of oil we import and use. there's progress in that regard. on the other hand, there's been some retrogregs in the recognition of two of the great accomplishments of america in the 20th century with social security and medicare. before those two, we didn't have the possibility for the average old person who wasn't wealthy to have a decent existence in retirement. we now that v that and i'm sorry to see that pulled back. there's also an international event. we have to recognize this. from 1940 to 1990, we had very heavily-armed, bad people threatening our existence as a society. we don't have that anymore. we have the thugs. they are not the communists. they don't threaten our very existence. we have an ability now, i believe, to reduce some of the resources and do more things at home. although there's an ideological barrier. >> i know you love the congre
not very long ago that was a wedge issue bob dole was using against bill clinton. i think we've made progress in other areas. clearly environmentally. we have deniers of global warming. but we're reducing the amount of oil we import and use. there's progress in that regard. on the other hand, there's been some retrogregs in the recognition of two of the great accomplishments of america in the 20th century with social security and medicare. before those two, we didn't have the possibility for...
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did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go down again. so it was -- you have to listen to the president very carefully to see where there might be some give. the problem from my point of view is that everybody knows what's got to be done in the long-term. it's the question of the short-term deal. >> john boehner, speaker of the house, he came up with a proposal. but not all the conservatives in the house and the senate are on board. jim demint, republican senator from south carolina. >> this is a time to negotiate with ourselves. we need to invite the president to work with us. his proposal was so ou
did he specify the 39.6% rate of the clinton years? he did not. so is there a little give ultimately to sort of say what if it doesn't go up to 39.6%, but say 37%, is that something the white house would accept? also, this that same interview, the president raised the possibility, which is that after you do tax reform and you close loopholes and deductions, that if the rate is raised, the top rate, there's always a possibility that after you do tax reform, of course, the top rate would then go...
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president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives have said that obama doesn't understand the impact of fax policy on the economy whereas almost all economists are saying the obama approach is far superior to that that the republicans offer. >> thank you both for joining us on this friday afternoon. >>> next, if reagan could, why not colbert. why south carolina should seriously consider it. stay with us. >> new york post, are we ready for senator colbert? are we ready? sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...
president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives...
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secretary of state hillary clinton unveiled a new document in the global fight against h-i-v and aids. >> science and evidence must continue to guide our work. for all or part the united states will reach support research, innovation, with approaches that staff of opportunistic infections like tuberculosis we will have a clear measurable benchmarks and measure our progress towards them so we could focus for funding on what works. >> secretary of state saying that hiv could be a part of a future but the disease that causes does not have to be. this will be a road map for in a to-free generation. since 2004, the emergency plan for each relief has created a $30 billion. and other news, mexico has a new president. and regain and regai-- enrique pena... as part of the revolutionary party that once ruled the country for 30 years. they clashed with the crowds and it was a tight race. with a just a narrow victory. >> egypt's new constitution is in the hand of mohammad morsi.. tooling expectations on both sides it should go to the referendum. it will mark and other spread it towards a democrac
secretary of state hillary clinton unveiled a new document in the global fight against h-i-v and aids. >> science and evidence must continue to guide our work. for all or part the united states will reach support research, innovation, with approaches that staff of opportunistic infections like tuberculosis we will have a clear measurable benchmarks and measure our progress towards them so we could focus for funding on what works. >> secretary of state saying that hiv could be a part...
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. >>> secretary of state hillary clinton is leading a new u.s. diplomatic push on syria holding talks in dublin, ireland, today. let me begin with you. including this distressing nbc news report, what and how much do we know about al assad's movements at this point? >> reporter: there have been concerns for months. the u.s. reiterated for quite some time if assad did anything with those chemical weapons and utilize them in any way, theat would be a red line that brought on consequences. there's not concern that bashar al assad might iutilize them against his own people but if weapons are still there terrorists could get hands on weapons and utilize those chemical weapons. you have this nbc news report. also on monday important to remind our viewers, cnn reported that they had word from u.s. officials that in fact syria had begun mixing chemical weapons and that would be done to create sarin for weapons in the future. they say there was no sign that the syrian officials were going to do anything with those weapons any time soon. important to remem
. >>> secretary of state hillary clinton is leading a new u.s. diplomatic push on syria holding talks in dublin, ireland, today. let me begin with you. including this distressing nbc news report, what and how much do we know about al assad's movements at this point? >> reporter: there have been concerns for months. the u.s. reiterated for quite some time if assad did anything with those chemical weapons and utilize them in any way, theat would be a red line that brought on...
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clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing of the chamber of commerce are criticizing decisions made by the national labor relations board. >> right. >> because kaat the same time t president put three members on the mlrb. that's how they're attacking the recess power. >> all right. pete williams, this should be interesting. >> reporter: you bet. >> we'll see if they punt, i'd rather see this go to the supreme court. that's what the constitution is for. >> reporter: from a journalistic point of view. >> you love it when the constitution is used. >> reporter: absolutely. >>> the opening bell rang just rig
clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing...
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back...
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the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little bit, i think she will say i'd like to be the first woman president. >>> security is being tightened at the hospital where katherine is being treated for acute morning sickness after her privacy was invaded by a prank call from australia. i'm joined now by cnn's royal correspondent max foster. >> it's extraordinary. it's very simple. a couple radio presenters from australia, jokers on a comedy show, rang up the hospital, pretended to be the queen and prince charles and asked to be put through to the ward. just have a listen to the accents here, they're not
the hillary clinton for press pass. perhaps they could reissue these if she decides to run again in 2016. >> she was the favorite then, she lost out to a relative i unknown junior senator from illinois. we'll see what happens the next time around. >> if she runs. >> that shows you how unpredictable these things could be. even though she would be the favorite. you never know what might happen. >> i think if she writes a book, does a few speeches, enjoys herself a little...